MAR 3203 EXAM 4 UCF UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS (2)

MAR 3203 EXAM 4 UCF UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS (2)
Question:
MAR 3203 EXAM 4 UCF UPDATED
CORRECT ANSWERS
Which one of the following performance
Competitive bidding
1
Large lots
3




Answer:
ACTUAL QUESTIONS AND
measures is not true of a world class firm?

, Long lead time
2
High percentage of on-time deliveries
4

Question:
What type of negotiation strategy is based on published,
auction, or indexed prices?
Answer:
market-based price model

Question:
What is transferring a■ firm's activities that have
traditionally been internal to external■ suppliers?
Answer:
outsourcing

Question:
With regard to the■ cost-based price model negotiation■
strategy, which of the following is■ true?
Answer:
Prices are based upon supplier costs.

Question:
Which of the following statements is■ TRUE?
a. When multiple suppliers are■ used, having
geographically dispersed suppliers could lessen the
probability of all failing simultaneously.
b. It is usually less risky to use single suppliers rather than
multiple suppliers.
c. When multiple suppliers are■ used, having
geographically centralized suppliers could lessen the
probability of all failing simultaneously.
d. The risk mitigation effectiveness of using multiple
suppliers has nothing to do with the probability of a■
super-event occurring.
Answer:
When multiple suppliers are■ used, having geographically dispersed suppliers
could lessen the probability of all failing simultaneously.

Question:
Which of the following is NOT one of the major causes of
the bullwhip■ effect?
Answer:
shared demand information.

Question: